Real Estate Tax

Local governments are required to conduct routine property assessments of real estate located in their jurisdiction. These assessments are used to create a property tax on a specific piece of real estate that is ultimately the responsibility of the local government to collect.
While annual payments are more common, it is also possible for a local government to decide on semi-annual or quarterly property tax payments in that region.
The general property tax rate is 0.25 percent of the property's registered value, usually determined by the evaluation commissioned by the local government responsible for the plot.

Costa Rica's low level property tax is a great bargain compared to most countries in North America, including the United States. Low property taxes and a lack of taxation of capital gains in Costa Rica makes real estate investment a viable opportunity for foreign investors!

On a side note, an interesting piece of information you may consider when contemplating the purchase of real estate in Costa Rica is the Maritime Terrestrial Zone Zona maritima). The Maritime Terrestrial Zone is a law passed by the Costa Rican government that prohibits personal property from oceanfront property in Costa Rica.
This includes the first 200 meters of beachfront, which is owned by the government. Of the 200 meters, the first 50 meters are public zones, whereas the remaining 150 meters (Zona Restringida) is leased to private individuals or corporate entities.